DALLAS--(BUSINESS WIRE)--Michael Abbott and Casey Paulson, two of the nation’s most
valued executives and developers of luxury resorts and private clubs,
have partnered with Dallas-based Lantern Asset Management, a
leading full-service real estate asset management firm, to form Beacon
Land Development.

Beacon will specialize in creating and operating luxury private clubs
and residential communities in North America with a focus on fiscal
accountability and long-term sustainability. Offering a distinguished
and real-value opportunity for business partners and associates, Beacon
will build upon the world-class resort reputation and luxury lifestyle
ingenuity that Abbott and Paulson have delivered for decades. Most of
all, Beacon will craft an unrivaled and engaging experience for property
owners and members.

“It is important that we create terrific long-term visions for our
projects, but it is equally as important that we execute those visions
properly,” said Abbott, former Vice President of Operations for
Discovery Land Company. “We want our communities and clubs to be as good
– or perhaps better – 10 years from now as they are the very first day.”

With a combined 50 years of experience, Abbott and Paulson earned their
bones in the industry by creating new paradigms for service, member
experience and lifestyle. Among the properties with which they have been
affiliated are some of North America’s most distinguished private clubs
and resorts, including: Vaquero Club and Four Seasons Resort and Club,
Las Colinas in Texas; Pinehurst Resort in North Carolina; Hideaway and
Madison Club in California; Kukio and Four Seasons Hualalai in Hawaii;
and El Dorado Golf & Beach Club and Diamante in Mexico.

As mentioned, Abbott’s and Paulson’s partnership with Lantern is founded
on the dedication to financial sustainability. Lantern Asset Management
fortifies this commitment with the financial strength, discipline and
capabilities to ensure long-term success and financial viability. In
recent years, Lantern has ignited the industry with a proven track
record in private equity real estate investment and management with an
impressive portfolio that includes The Residences at Kapalua Bay in
Maui, Hawaii, Elara in Las Vegas, Nevada, and Sunrise Lodge in Park
City, Utah.

“This is an exciting new partnership for us, and teaming with industry
experts such as Michael and Casey, with their extraordinary experience,
is remarkable,” said Andy Mitchell, President of Lantern Asset
Management. “It is a great fit for Lantern because they are committed to
operational discipline, financial responsibility and they put the needs
and interests of the members, products and business first. This is the
beginning of what I believe to be a successful platform for future
developments, and we are really looking forward to the potential of this
partnership.”

Beacon Land Development was founded by principals Michael Abbott and
Casey Paulson, who enjoy more than 20 years’ experience of innovation
and leadership in the luxury resort and private club industry. In
partnership with Lantern Asset Management, Beacon Land Development
offers clients a team of seasoned experts across all applicable
disciplines who understand the balance between expectations of quality
products, exceptional customer service and real-world economics. Their
goal is to create highly sought-after properties which enrich the lives
of their residents and members while creating financial success and
long-term sustainability for investors and partners. To learn more,
visit www.beaconld.com.